Austin’s Lotus Village for Sale Exclusively through Marcus & Millichap

A new apartment complex has been put for sale on the market as exclusive listing for Marcus & Millichap on a cash-to-existing-note basis. Lotus Village, built on 8.1 acres at 300 Fergusson Drive in north central Austin in 2012, has 222 units and is currently at 98 percent occupancy.

A new apartment complex has been put on the market as exclusive listing for Marcus & Millichap on a cash-to-existing-note basis. Lotus Village, built on 8.1 acres at 300 Ferguson Drive in north central Austin in 2012, has 222 units and is currently at 98 percent occupancy.

“This infill asset is the premier apartment community in its submarket and features an upscale urban atmosphere,” said Kent Myers in a press release. Myers and Joe James are senior associates in the Austin office of Marcus & Millichap representing the seller.